According to Politico, “sources familiar with the discussions” have indicated that the CFPB will not issue a proposed rule for payday (and other small-dollar, high-rate) loans until later this Spring.  In April 2015, the CFPB convened a SBREFA panel to review the proposals it is considering and, in its Fall 2015 rulemaking agenda, the CFPB estimated that it would issue a  proposal in February 2016.  (The CFPB’s Spring 2015 rulemaking agenda had estimated that a proposed rule would be issued “later in 2015.”)

Politico reported that its sources now think the proposal will be issued between April and June and that a CFPB spokesman did not immediately reply to a request for comment.  The sources did not identify a specific reason for the delay.